Imperial Suspends Quarterly Dividend and Winds Up Mexican Marketing JV
Imperial Sugar Company (Nasdaq: IPSU) announced that its Board of Directors suspended payment of its regular quarterly dividend of $0.02 per common share until further notice in light of the continued pressure on its gross margins and liquidity primarily caused by sustained high raw sugar prices and competitive refined sugar pricing. The company indicated that borrowings under its revolving credit agreement totaled $81.5 million at fiscal year end September 30, 2011, resulting in available undrawn borrowing capacity of $44.0 million subject to the terms of the credit agreement.... Read more
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Imperial Sugar Company Declares $0.02 Per Share Regular Quarterly Cash Dividend Payable August 31, 2011The Most Promising Dividends in Agricultural Products
Imperial Sugar (IPSU) Declares $0.02 Quarterly Dividend; 0.7% Yield